Ashok Leyland Q4 results

Net profit rises 38%, EBITDA advances 12%; company announces bonus issue in ratio of 1:1

reported stable operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) also known as operating profit rose 12.5% to ₹1,791 crore from ₹1,592 crore in the same period last year. The Board had approved Issue of Bonus equity shares in the ratio 1 : 1 i.e. 1 (One) equity shares of ₹1/- each for every 1 (One) full paid-up equity share of ₹ 1/- each held by the Shareholders of the Company as on the Record Date, subject to the approval of Shareholders through a Postal Ballot. The Company will inform the “Record Date” for determining the entitlement of the Shareholders to receive Bonus Shares in due course," Ashok Leyland said in an exchange filing.